Swiss job market faces drop in vacancies

Economic downturn is taking its toll on the Swiss job market. Job vacancies in 2024 dropped by 10% compared to the previous year, according to Adecco’s Swiss Job Market Index. This marks the first negative annual balance since the Covid-19 pandemic. + Get the most important news from Switzerland in your inbox The drop was especially sharp in the fourth quarter of 2024, with 13% fewer ads posted compared to the same period last year, according to the index compiled by Adecco and the University of Zurich’s Job Market Monitor, released on Tuesday. The drop in demand for skilled workers is causing a decline in job vacancies across all sectors. However, the biggest hit was in the so-called ‘MINT’ professions (mathematics, computer science, natural sciences, technology) and the healthcare sector, which saw a 19% drop in vacancies. This is a significant increase from the 3% decline in 2023. + What lies ahead for Switzerland: an economic outlook for 2025 The main drivers of this decline ...